China's gross domestic product (GDP) grew 5.4 percent year on year in the first quarter of 2025, data from the National Bureau of Statistics (NBS) showed Wednesday (April 16).
The country's GDP reached 31.8758 trillion yuan (about 4.42 trillion U.S. dollars) during this period, the NBS data showed.
On a quarterly basis, the economy increased 1.2 percent in the first three months.
China's GDP grew 5 percent year on year last year and the country has targeted its full-year economic growth at around 5 percent for 2025.
The State Council Information Office held a press conference today (April 16) at which Sheng Laiyun, Deputy Director of the National Bureau of Statistics, introduced the performance of the national economy in the first quarter of 2025 and answered questions from journalists. Some media asked about the impact of the US "reciprocal tariffs" on China's GDP.
Sheng Laiyun said that in the short term, the high tariffs imposed by the United States will bring certain pressure on China's foreign trade and economy, but it will not change the long-term trend of China's economy. The Chinese economy has a stable foundation, strong resilience, and great potential. We have the confidence and ability to meet external challenges and achieve our development goals.
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